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TMI BlogRights and responsibilities of the valuer and auditorX X X X Extracts X X X X X X X X Extracts X X X X ..... aluer shall ensure that the valuation of the InvIT assets is impartial, true and fair and is in accordance with regulation 21; (b) the valuer shall ensure adequate and robust internal controls to ensure the integrity of its valuation reports; (c) the valuer shall ensure that it has sufficient key personnel with adequate experience and qualification to perform valuations; (d) the valuer shall ensur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and impartiality in performing the valuation; (h) the valuer shall discharge its duties towards the InvIT in an efficient and competent manner, utilizing its knowledge, skills and experience in best possible way to complete given assignment; (i) the valuer shall not accept remuneration, in any form, for performing a valuation of the InvIT assets from any person other than the InvIT or its authoriz ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... information; (n) the valuer shall not accept an assignment which interferes with its ability to do fair valuation; (o) the valuer shall, prior to performing a valuation, acquaint itself with all laws or regulations relevant to such valuation. (2) The auditor shall comply with the following conditions at all times, (a) the auditor shall conduct audit of the accounts of the InvIT and draft the audit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2 [holdco or] parties to the InvIT or 3 [holdco or] SPV or any other person in possession of such information. 4 [ (e) The auditor shall undertake a limited review of the audit of all the entities or companies whose accounts are to be consolidated with the accounts of the InvIT as per the applicable Indian Accounting Standards (Ind AS) and any addendum thereto as defined in Rule 2 (1) (a) of the C ..... X X X X Extracts X X X X X X X X Extracts X X X X
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